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Technology Stocks : Vitesse Semiconductor

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To: Bruce R. Schlake who wrote (3388)	2/29/2000 5:19:00 PM
From: Beltropolis Boy	Read Replies (2) of 4710

if you'll excuse my rude intrusion into your lively cocktail-hour banter, here's a blurb from today's robbie stephens conference. keep it up as i have no notion of when i'll sell even a portion of my winners. (have sold my share of losers.) ----- Vitesse: gross margin growth By Cecily Fraser & Mike Tarsala, CBS MarketWatch Last Update: 3:37 PM ET Feb 29, 2000 SAN FRANCISCO (CBS.MW) -- Vitesse Semiconductor (VTSS) Chief Executive Officer Lou Tomasetta said on Tuesday he sees gross margins growing to 70 percent over the next five to eight quarters. Speaking at the Robertson Stephens Tech 2000 investment conference in San Francisco, he said as gross margins approach 70 percent, Vitesse can drive operating income up to 40 percent. He said the company has been adding 10 to 20 new products every quarter and he expects that trend to continue in the rest of 2000. Vitesse supplies chips for some of the fastest-growing communications markets, including the optical fiber and fiber channel segments.

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